Here is the answer, first John McAfee predicted that verge is one of the promising coin for 2018. Then I read on some news that verge is already being used as payment for transaction of different institutions. Its because of the small transfer fee for payment. Third, verge is long overdue with its positiion of 100 sats for a long time. Now when a news breaks and together with the wraith protocol news, every body rush in to buy verge while price is below $1.